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20130411
20130419
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to have runs. fourth him of the debt ceiling was going to derail our economy for certain, even if we manage to solve the fiscal cliff and the sequester lurked ominously. no matter what deal the politicians made. these would have course throw us off track and cause much higher unemployment. finally, four months ago, fourth quarter earnings, the reports were right around the corner and they were supposed to be, yes, nothing to write home about, or maybe worse, particularly the worldwide slowdown that europe seemed to be mandating, we could have huge downside surprises and the last time we had some pre-announcements -- wait a second. what actually happened? how about we had the best first quarter in 15 years. how is that possible? i think it's because the market has changed its animals. i'm not kidding. investors stopped being scared of washington or europe or earnings shortfalls and they decided to embrace the future, not spurn it. they became like ulysses and his crew, strapped to the mast, oblivious to the sell, sell, sell sirens of the saturnine set. where is sappho when you need h
will not negotiate around the debt ceiling. you for your testimony to date. i want to spend some time talking about the presidential proposal. on this question of debt and how we are right, is it fair to say that the 2001 bush tax cuts but was not paid for at the time by this congress added to this country's debt burden? >> there were two wars that will were not paid for. >> as a result of the collapse, andook a $22 trillion hits necessitated a substantial bailouts by this institution. both of which added to our debt burden. is that correct? to the fourates were looking plans that you it does seem to me to be forward-looking plan despite suggestions to the contrary. we are in a very peculiar situation as it relates to our recovery under the administration. it has 6 million private sector jobs that have been created. we have corporate profits at a double high. we have saw market at near all- time highs. the productivity of an american worker is at an all-time high. highloyment remains itself. we have somet economic indicators that seem to suggest we're doing well but others suggest we have a ways to
for a debt ceiling piece of legislation that would be considered. i would hope, as i said last week, that we could deal with in a nonpartisan, bipartisan, nonpolitical fashion the protection of the credit worthiness of the united states of america and to the maintenance of america's credit rating. it was reduced for the first time in history when we had a debt cliff debate in 2011, and we were reduced by one point in the credit worthiness of our country. that was unfortunate for our country. president reagan said in 1986, unfortunately congress consistently brings the government to the edge of default before facing its responsibility. this brinksmanship threatens the holders of government bonds and those who rely on veterans' benefits, interest rates, etc., would skyrocket if we did that. he was then urging the democratic congress and republicans to support the increase in the debt, which as you know, was done. in addition, keith hennessey who was george bush's national director counsel, payment prioritization doesn't stop payments, it just delays them. then the party sues the government and
of what we call the debt ceiling which lets the country borrow money to pay its bills. as a part of that agreement, a large number of people from both parties voted for something that hasn't turned out very well. and it's called sequestration. this is a word that gets tossed around in this chamber. it is having a real and negative impact on the country. i just came from a hearing of the armed services committee where the chairman of the joint chiefs of staff and the secretary of defense told us that nine battle groups and three bomber groups of our air force and our navy planes have been grounded. about 1/3 of the nation's air capacity isn't flying. across the country today, people who are on medicare, who need chemotherapy treatments from their doctors offices are finding that many doctors are declining to do chemo therapy treatments for cancer patients because of the cuts that take place in sequestration. i met earlier this week with employees of the naval sea systems engineering command in philadelphia whom i represent. they're looking at a 20% pay cut because of furloughs. th
approaches the debt ceiling to say, how are we going to tell the people that we are going to pay off the debt that we've now gone ahead and incurred? and i think a little bit of forethought here, planning into the future, how we're going to pay the bills is the emphasis. and i've always agreed, as the gentleman said, the debt ceiling is something that is necessary for the operations of government. we'll bring a bill forward that will ensure that we don't go into default, but i do think that we should be mindful of how we're going to tell the public we're going to go in the future and pay off these debts. because as the gentleman has many children and grandchildren, he doesn't want his kids nor do i want mine to be shouldering the debt and paying our bills. we should be really committing ourselves not to just borrowing more, not to just taking more from taxpayer dollars because we've done a lot of that this year already. the gentleman talks about the need to proceed with revenues. we already have close to $650 billion i of additional static revenues, taxes that are accounted for because of the
is going to be positive, though, carol, we'll see some structure for deficit reform. because the debt ceiling debate that's coming before us. >> let me tell you why you are not easing my indigestion, i am afraid of what success may look like. >> nobody gets all that they want. and it's about time we started to come to some sort of agreement on something. although the background check isn't the best, at least they came to some sort of agreement. when was the last time that happened? >> and the public is engaged in the debate, and the public demanding action from legislateors. that's critical. >> we are taking on so many issues, agreement isn't always to be celebrated. on the issue of background checks, i don't think it's a compromise worth having. >> okay, well, i'm kind of depressed by you today, will. >> sorry. >> will kain, robert zimmerman. >>> talk about a spoiler alert. kevin bacon of "the following" reveals a major plot twist and now he's apologizing. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your
or not there is going to be a bucket deal probably in two months a lot of the debt ceiling. >> beep on guns. bi-partisan on immigration. maybe we can get to where we have bip beep on the bucket. in connection cook good to have you with us. follow her at national journal.com and i will be back and tell you what the president is up to today. >> this is "the bill press show." can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections tuberculosis lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell your doctor
, the debt ceiling is something that is necessary for the operations of government. we will bring a bill forward that will ensure that we do not go into default, but i do think that we should be mindful of how we are going to tell the public we are going to go into the future and pay off these debts. the gentleman has many children and grandchildren. he does not want his kids, nor do i want mine to be shouldering the debt and paying our bills. really committing ourselves not to just borrowing more, not to just taking more from taxpayer dollars, because we have done a lot of that this year already. the gentleman talks about the need to proceed with revenues. we already have close to $650 billion of additional static revenues, taxes that are accounted for because of the fiscal clef deal. it is not that there are no revenues in the mix here. i look forward to working with the gentleman. i appreciate his commitment to longevity in the country, sustaining economic growth or restarting its the we can -- restarting its so that we can sustain it. i yield back. toi think finding a way invest in t
Search Results 0 to 7 of about 8